With reference to the Company's announcement dated 11 August 2015 whereby BTM Marketing & Trading Sdn. Bhd.("BTM Marketing"), a wholly owned subsidiary of BTM has entered into a preliminary discussion with Pendragon Auto Sdn.Bhd.("Pendrogon Auto") of Lot 32,Jalan Teluk Sisek,25000 Kuantan,Pahang Darul Makmur with the aim to eventually cumulated into a definitive Shares Sale Agreement or a Shares Subsription Agreement resulting in BTM Marketing acquiring or holding an effective stake of no less than 51% in Pendragon Auto.
The Board of Directors of BTM wishes to announce that BTM Marketing will no longer to hold discussion with Pendragon Auto on Shares Sale Agreement or Shares Subsription Agreement as on 15 January 2016 ,BTM Marketng has received a letter from Pendragon Auto indicating that thay are unable to proceed with Shares Sale Agreement or Shares Subscription Agreement.
1) Something went wrong, thus saltedfish and his gang have left this stock without notifying us. He has no face to tell you the truth, because previously he asked us to collect around 0.30 level (which is pretty safe for next run), therefore he choose to avoid your question.
2) Boss purposely push down the price to collect, that's why he cannot reveal too much information which will then affect the accumulation process.
I hope is 2nd point, but it seems like quite unlikely. Thank you.
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